Indian revenue services

Seven companies from Indian group Tata Sons plan to focus on Vietnam and Myanmar as key markets, reported The Economic Times and International Business Times. Vietnam and Myanmar have growing economies, an expanding middle class and will enjoy positive impacts from recent trade deals. These have made the two countries important destinations for firms looking to expand their operations in Southeast Asian markets. The newspaper quoted as saying a spokesperson from the group that the demographics and economic development of the countries represent a market for several products and services. Tata companies operating in power, construction, chemicals, automobiles and trade are exploring opportunities in Vietnam and Myanmar . Established in 1868, the Indian conglomerate conducts operations in more than 100 countries and territories worldwide, employing around 600,000 workers. From 2014 to 2015, the group reached over 108 billion USD in revenue. Vietnam is considered an attractive … [Read more...] about Indian group eyes Vietnam as future market

The Nikkei Asian Review on Thursday released its second annual Asia300 Power Performers Ranking, a compilation of the most powerful and valuable listed companies in Asia. Vietnam Dairy Products (Vinamilk) at THAIFEX-World of Food Asia 2017 in Bangkok. Vinamilk was ranked 8th in this year’s list of the 300 most powerful companies in Asia according to Nikkei Asian Review. Vietnam Dairy Products (Vinamilk), the country’s largest food processor, took the eighth spot.Earning the top spot was Taiwan’s Largan Precision, the world’s leading maker of lenses for smartphone cameras.Two other Taiwanese companies cracked the top 10, with Taiwan Semiconductor Manufacturing Co, the world’s largest semiconductor foundry, grabbing the No 5 spot, and Eclat Textile, which has about 9,000 employees, placing seventh.Indian IT service provider HCL Technologies came in at No 2, followed immediately by fellow Indian players Zee Entertainment Enterprises (No 3) and Tata … [Read more...] about Vinamilk on list of Nikkei Asian Review’s Asia300 Power Performers

Seven companies from Indian group Tata Sons plan to focus on Viet Nam and Myanmar as key markets, reported The Economic Times and International Business Times.Viet Nam and Myanmar have growing economies, an expanding middle class and will enjoy positive impacts from recent trade deals.These have made the two countries important destinations for firms looking to expand their operations in Southeast Asian markets.The newspaper quoted as saying a spokesperson from the group that the demographics and economic development of the countries represent a market for several products and services.Tata companies operating in power, construction, chemicals, automobiles and trade are exploring opportunities in Viet Nam and Myanmar .Established in 1868, the Indian conglomerate conducts operations in more than 100 countries and territories worldwide, employing around 600,000 workers.From 2014 to 2015, the group reached over US$108 billion in revenue.Viet Nam is considered an attractive market after it … [Read more...] about Indian group eyes Viet Nam as future market

1741 Death of Italian composer Antonio Vivaldi. He is best known for his concerto for violin and orchestra The Four Seasons. 1750 Death of Johann Sebastian Bach, German composer and organist. Composer of St Matthew Passion and Brandenburg Concertos, his output covered every musical genre with innovations in format, quality and technical demands. 1821 Peru declares itself independent of Spain. 1858 The first use of fingerprints as a means of identification is made by William Herschel of the Indian Civil Service at Jungipur in India. He took the print of Rajyadhar Konai on the back of a contract. 1868 … [Read more...] about July 28 in History

Registered capital of new enterprises surges in first nine months
More than 29,900 enterprises were established with total registered capital of nearly VNĐ396.5 trillion (US$17.44 billion) in HCM City in the first nine months of the year, according to the city’s People’s Committee.
This was an increase of 13 per cent in the number of newly established businesses and 84.5 per cent in registered capital, with most of the new businesses located mainly in districts 1, Tân Bình, Gò Vấp, Bình Thạnh and Bình Tân.
In addition, more than 44,000 operating companies have pledged an additional registered capital of VNĐ218.3 billion, up 11.2 per cent and 49.6 per cent, respectively, compared to the same period last year.
Overall, the total registered capital of new and operating companies in HCM City in the first nine months was VNĐ614.8 billion, a year-on-year increase of 70.4 per cent.
More than 17,500 new firms are one-member … [Read more...] about BUSINESS IN BRIEF 26/9

52 students hospitalized due to food poisoning
Around 52 students at a primary and secondary boarding school in northern Lao Cai Province were hospitalized on Wednesday, September 20, due to food poisoning, police said.
A group of students at the Hau Thao school started vomiting and some had even fainted after eating a meal.
The students were admitted to the Sa Pa District General Hospital with symptoms similar to that of food poisoning, medical doctors said.
The students were not in any serious condition. Local police and health authorities have launched an investigation.
Hanoi hosts SE Asia Red Cross Red Crescent Leadership Meeting
The 14th annual Southeast Asia Red Cross Red Crescent Leadership Meeting kicked off in Hanoi on September 21.
During the two-day event, delegates will assess the implementation of conclusions made in the previous meeting which took place in last September in Indonesia’s Jakarta, as well as the One Billion Coalition for Resilience programme, both … [Read more...] about Social News 21/9

10 days after Doksuri strikes Quang Binh, flooding continues
The flooding triggered by the Doksuri storm that swept through the central region of Việt Nam 10 days ago continued to isolate a community in a remote area of Quảng Bình Province.
Flooding continues in Ón Village in Quảng Bình Province after 10 days Doksuri Storm swept through the locality.
According to Trần Xuân Tư, head of Ón Village in the province’s mountainous Minh Hóa District, 600 residents of the village have been isolated after Doksuri hit the province.
The village is situated in a valley, and the rainwater has submerged the village’s entrance road, which is some 3.5m under the water now.
Tư said the flooding began nine days ago, and it is expected to continue in the next five days. The locals are using boats to travel across the village, he added.
The only food stock available in the village is the four tonnes of rice supplied by … [Read more...] about Social News 25/9

Former Housing Group General Director stands trial
Chau Thi Thu Nga at the trial
The Hanoi People’s Court on October 2 opened the first instance trial on Chau Thi Thu Nga, former Chairwoman and General Director of the Land and Housing Construction and Investment JSC (Housing Group) and her nine accomplices on the charge of swindling to appropriate assets.
The accomplices are four former Directors of Housing Group Nguyen Truong Son, Le Hong Cuong, Nguyen Vu Hung and Phan Thanh Tuyen; two former Directors of Housing Group Real Estate Trading Floor Nguyen Thi Tinh and Luu Thi Thuy; former chief accountant of Housing Group Pham Thi Thu Hanh; former Director and chief accountant of Housing Group Dinh Phuc Tieu; and former acting chief accountant of Housing Group Doan Thanh Thuy.
The court summoned 521 victims, including Hai Au Company and 68 other companies and individuals with related interests and obligations.
According to the indictment, Nga instructed the … [Read more...] about Social News 3/10

Foreign medicine clinics fall foul of regulations
People’s Committee in Ho Chi Minh City and health inspectors have issued fines to five medicine clinics in the city because they have fallen foul of regulations in the field of treatment, advertising and collecting higher fee than normal.
For instance, Baylor Clinic invested by Dong A International Company at 202 To Hien Thanh Street in district 10 was fined VND130 million; Lians MMC general clinic in Hung Phuoc 4 section in district 7’s Tan Phong ward was fined VND60 million for the same violation.
Additionally, the clinic’s drug store had to pay VND50 million as fine because it sells medicine without clear indication of origin.
Moreover, three other clinics including The Gioi ( World) general clinic at 646-648 Vo Van Kiet Street in district 5, Thang Long at 575 Su Van Hanh Street in district 10, Nguyen Trai clinic at 277 Nguyen Trai Street in district 1 had been fined many times for they relapsed into same … [Read more...] about Social News 23/10

Court hears appeal on VN Pharma’s cancer drug trial
Former VN Pharma’s chairman of the Board of Directors cum general director Nguyen Manh Hung (right, first line), former director of H&C International Marine Trade Company Vo Manh Cuong (left, first line) and seven other defendants are at the appeal court in Hanoi on Thursday. — Photo vietnamnet.vn
The high-level People’s Court in HCM City started hearing an appeal by pharmaceutical company VN Pharma on Thursday, in the case related to the smuggling and forging of documents to import cancer drug.
The case involved former VN Pharma’s chairman of the Board of Directors cum general director Nguyễn Mạnh Hùng, former director of H&C International Marine Trade Company Võ Mạnh Cường and seven other defendants.
In a trial in August, the HCM City People’s Court sentenced Hùng and Cường to 12 years behind bars for smuggling. Cường … [Read more...] about Social News 20/10